According to the U.S. Bureau of Economic Analysis, in 2018, the digital economy supported 8.8 million jobs, which accounted for 5.7 percent of total U.S. employment (154.7 million jobs) (chart 3). The digital economy supported more jobs than the construction industry, and the industry was made up of "other" services, except the government. Employees working in the digital economy earned $105,473 in average annual compensation compared to $70,858 on average annual compensation per worker for the total U.S. economy. The Digital Economy Alliance will support policies that contribute to developing the digital economy as an essential means of creating jobs.
The development and progress of technology will inevitably improve social efficiency and liberate the workforce. Changes in the employment structure require that education, social security, and other fields accelerate reforms and respond beforehand. Elected officials need to understand the new economy and propose policies that foster economic growth and protect all Americans' well-being.